Can you explain the logic of late bidding?
The way I understand the process, is that if you want the player, you show you strength by bidding first and bidding early, each and every round. The only gamesmanship you play, is that if the one bidder left, bids late, you may after round 4 or 5 bid very late. The reason for this, is that he knows you that you bid early and hopefully thinks that you have pulled out. A bluff.

If it fails, you bid early again.

Before round one even ends, do you know the strength of the bidderS that you are up against?
Do you review their facilities, their squad, their cash? In order to get a feel of their tokens on hand.

Before you place your first, are you confident that the market is quiet? Not many bidders around?
Finally, when wanting a specific player, are you prepared to go all in, smile and walk away,if you lose?